Gold and silver prices fell sharply on Friday as markets reacted to growing expectations that Kevin Warsh will be nominated as the next chair of the Federal Reserve, a development that appeared to ease concerns about the central bank’s long-term independence. The sell-off marked a sudden reversal for precious metals, which have enjoyed a powerful rally over the past year amid global uncertainty and a weaker U.S. dollar. By early afternoon in U.S. trading, silver prices had dropped

Prime Minister Narendra Modi on Friday held a conversation with Venezuela’s Acting President Delcy Rodríguez, reaffirming India’s intention to deepen and expand cooperation across multiple sectors. The discussion marks a significant diplomatic engagement nearly a month after former Venezuelan President Nicolás Maduro was removed from power and taken into United States custody following a high-profile military operation. In a message shared on social media, Modi said both sides

Uncertainty continues to surround Washington’s approach toward Tehran as President Donald Trump sends conflicting signals on whether the United States is moving closer to military action or renewed diplomacy with Iran. Speaking ahead of his first Cabinet meeting of 2026, the president indicated he was open to communication with Iranian leaders, even as the US expanded its military presence in West Asia and senior defense officials stressed readiness to act on presidential orders.

With renewed calls for peace, reconstruction, and an end to prolonged conflict, Dr. Varsen Aghabekian Shahin, Minister of Foreign Affairs and Expatriates of the State of Palestine, is on her first official visit to India. Speaking to journalists in New Delhi on Thursday, she stressed the urgency of achieving Palestinian statehood, arguing that lasting peace in West Asia cannot be realised without ending occupation and restoring sovereignty to the Palestinian people. Dr. Shahin highl

US President Donald Trump has intensified trade tensions with Canada by threatening to impose sweeping tariffs on Canadian-made aircraft, opening a new chapter in an already strained bilateral relationship. In a statement issued on Thursday, Trump said the United States could levy tariffs of up to 50 per cent on aircraft sold from Canada into the US market, citing what he described as Canada’s refusal to certify American-made business jets. The president also announced plans to decertify all aircraft manufactured in Canada for use in the United States, a move he said would remain in effect until Canadian regulators approve a series of jets produced by Gulfstream Aerospace. The warning was delivered through a post on Truth Social, where Trump accused Canadian authorities of erecting regulatory barriers that unfairly block American products. In his remarks, Trump singled out the Bombardier Global Express business jet, which is manufactured in Quebec, arguing that Ottawa has benefited from access to the US market while allegedly denying similar treatment to American manufacturers. He claimed Canada had “wrongfully and illegally” refused to certify the Gulfstream 500, 600, 700, and 800 models, which he described as among the most advanced aircraft in the world. According to Trump, the lack of certification effectively prevents Gulfstream from selling its jets in Canada. Trump warned that unless the situation is resolved immediately, the United States would move forward with punitive tariffs on all aircraft imported from Canada. He framed the threat as a matter of fairness and reciprocity, asserting that American companies should not face obstacles abroad while foreign competitors enjoy broad access to the US market. The aircraft dispute is the latest flashpoint in a broader deterioration of relations between the United States and Canada since Trump returned to office last year. Political and economic friction between the two long-time allies has grown steadily, with trade policy emerging as a central source of conflict. Earlier the same day as Trump’s comments, Canadian Prime Minister Mark Carney publicly urged Washington to respect Canadian sovereignty, following reports of contacts between US officials and Alberta separatist groups. Trade tensions have also been fueled by Canada’s recent diplomatic engagement with China. Trump has repeatedly warned Ottawa against deepening economic ties with Beijing, arguing that such moves could undermine US interests. He has threatened to impose tariffs as high as 100 per cent on Canadian goods if Canada proceeds with a trade agreement with China, a warning he reiterated over the weekend. In a series of earlier social media posts, Trump mocked Carney by referring to him as “Governor” and cautioned that Canada should not act as a conduit for Chinese goods entering the US market. He claimed that closer ties with Beijing would leave Canada economically vulnerable and pledged swift retaliation if such an agreement were finalized. The remarks came shortly after Carney visited Beijing, marking the first visit by a Canadian leader to China in nearly a decade. The escalating rhetoric underscores the growing uncertainty surrounding North American trade and the aerospace sector in particular. With aircraft manufacturing representing a significant industry for both countries, analysts say prolonged disputes over certification and tariffs could have far-reaching economic consequences. For now, the standoff highlights how regulatory disagreements and geopolitical concerns are increasingly shaping trade relations between Washington and Ottawa.

Iranian Foreign Minister Abbas Araghchi is scheduled to travel to Turkey on Friday for high-level talks with Turkish Foreign Minister Hakan Fidan, as the two neighboring countries seek to strengthen cooperation across security, economic and regional issues. The visit comes amid heightened regional tensions and renewed diplomatic efforts to manage sensitive developments affecting the Middle East. According to Turkish Foreign Ministry sources cited in media reports, Fidan is expected

US President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell on Thursday following the central bank’s decision to leave interest rates unchanged, accusing him of delaying necessary rate cuts and undermining the nation’s economic strength, national security and global competitiveness. The comments came shortly after the Federal Open Market Committee announced it would maintain its benchmark interest rate, a move that aligned with market expectations but drew strong poli

External Affairs Minister S Jaishankar on Wednesday held talks with United States Ambassador to India Sergio Gor in New Delhi, days ahead of his scheduled visit to Washington, D.C., for a high-level engagement on critical minerals. The meeting focused on multiple aspects of the India-US relationship, reflecting the breadth and depth of cooperation between the two countries across strategic, economic and defence domains. Following the meeting, Jaishankar said the discussions covered

The Smithsonian’s National Museum of Asian Art in the United States has announced that it will return three historic bronze sculptures to India after concluding that the works were illegally removed from temple sites in Tamil Nadu. The decision follows an extensive provenance review of the museum’s South Asian collection and marks a significant step in addressing the long-standing issue of illicit trafficking of cultural heritage. The most prominent of the sculptures slated for return is a bronze depiction of Shiva Nataraja, dating to around A.D. 990. Created during the Chola period, the sculpture represents the Hindu deity Shiva in his cosmic dance, symbolizing the cycle of creation and destruction. The figure shows Shiva dancing upon a demon that embodies ignorance, encircled by a ring of fire and standing on a lotus base. Art historians regard this form as one of the most visually powerful and symbolically rich representations in Indian art, revered both within India and among global audiences. Alongside the Shiva Nataraja, the museum will repatriate a Somaskanda sculpture from the 12th century, also from the Chola period. This bronze depicts Shiva seated with his consort Parvathy and their son Skanda, reflecting devotional traditions that were central to temple worship in medieval South India. The third work to be returned is a 16th-century bronze titled Saint Sundarar With Paravai, dating to the Vijayanagar period, which portrays the revered Shaivite saint with his companion. The museum stated that the return of these works reflects its commitment to ethical museum practices and responsible stewardship. A comprehensive review was initiated to determine whether any objects in the collection had been unlawfully acquired. During this process, researchers uncovered evidence that raised serious concerns about the origins of the three bronzes. The Shiva Nataraja entered the museum’s collection in 2002 through a New York art gallery. Subsequent investigation revealed inconsistencies in the documentation associated with the acquisition, including the inability to verify the gallery’s listed address. Researchers later established that the sculpture appeared in photographs taken at a Tamil Nadu temple during the 1950s, confirming that it had been removed from its original religious setting. Further inquiry connected the gallery to a network involved in the trafficking of stolen antiquities. Court records have shown that individuals associated with this network engaged in smuggling cultural objects from South Asia and falsifying provenance records to introduce them into the international art market. In recent years, other institutions have also returned comparable works linked to the same sources. The Somaskanda and Saint Sundarar With Paravai sculptures were donated to the museum in 1987 as part of a major private collection. Their provenance came under scrutiny after a tip prompted researchers to consult archival material held by the French Institute of Pondicherry. Photographs from the 1950s in the institute’s archives showed both sculptures installed in temples in Tamil Nadu, providing clear evidence that they had been stolen and exported illegally. Experts note that bronze sculptures from South Indian temples have been frequent targets of theft due to their artistic value and global demand. Replicas have circulated widely in tourist markets, while original works disappeared from sacred sites, often leaving communities without objects of worship that had been central to their cultural and religious identity for centuries. The Smithsonian’s decision is being viewed as part of a broader international movement toward repatriation and accountability in the museum sector. By returning these sculptures, the institution acknowledges the importance of restoring cultural heritage to its place of origin and reinforces growing global standards for transparency and ethical collecting practices.

India’s rich jewellery heritage claimed international attention at Paris Haute Couture Week 2026 when temple jewellery emerged as one of the most talked-about elements on the runway. Celebrated designer Gaurav Gupta unveiled his latest couture collection in Paris, blending his signature sculptural silhouettes with deeply rooted Indian craftsmanship. While the architectural couture pieces impressed fashion insiders, it was the traditional jewellery styling that truly captured global imaginat

India has reiterated its firm support for Israel and renewed its condemnation of terrorism in all forms, with Foreign Secretary Vikram Misri drawing clear parallels between the Hamas attacks of October 7, 2023, and India’s long experience with cross-border violence. Speaking at an International Holocaust Remembrance Day commemoration hosted by the Israeli Embassy in New Delhi, Misri underscored India’s position that acts of terror cannot be justified under any circumstances and must be co

Russia, Ukraine, and the United States are set to resume trilateral negotiations aimed at ending the prolonged war in Ukraine, with the next round of talks scheduled to take place in Abu Dhabi on February 1. The development comes after the first round of discussions held last weekend failed to deliver a breakthrough, highlighting the deep divisions and complexity surrounding the conflict. Despite the absence of immediate results, the decision to continue talks reflects a shared understanding amo

Ukrainian President Volodymyr Zelenskyy has stated that Ukraine expects to become a member of the European Union in 2027, underlining that a clear accession timeline must be part of any future peace agreement. Speaking during a joint press conference with the presidents of Lithuania and Poland in Vilnius on Tuesday, Zelenskyy stressed that a fixed date for EU membership would serve as a crucial security guarantee for Ukraine and reduce the risk of political or procedural delays in the accession process. The president said that Ukraine’s integration into the European Union is not only a strategic objective for Kyiv but also an essential element of long-term stability for the continent. According to Zelenskyy, a defined accession date would reinforce confidence among international partners and help anchor Ukraine firmly within Europe’s political, economic, and security framework at a time when the country continues to face sustained military pressure from Russia. Zelenskyy also held a telephone conversation with Austrian Chancellor Christian Stocker, during which the two leaders discussed Ukraine’s path toward EU membership and the worsening energy situation caused by repeated Russian attacks. Ukraine’s energy infrastructure has been targeted extensively in recent months, resulting in widespread disruptions to electricity and heating supplies across several regions. In a statement shared on social media, Zelenskyy said the daily strikes on energy facilities were aimed at leaving millions of Ukrainians without basic services, particularly during critical periods. He welcomed Austria’s recent decision to allocate financial assistance to support Ukraine’s energy sector, calling the move an important signal of solidarity. The discussion also covered additional measures that could help stabilize and protect Ukraine’s power system against ongoing attacks. Beyond energy concerns, Zelenskyy briefed the Austrian chancellor on recent trilateral discussions involving Ukrainian, American, and Russian representatives that took place in the United Arab Emirates. Those talks, he noted, focused primarily on military matters and potential security guarantees, reflecting continued diplomatic efforts to address the broader conflict. Reiterating his position on European integration, Zelenskyy said that Ukraine’s EU membership would strengthen not only national security but also Europe’s collective resilience. He argued that Ukraine brings significant security, technological, and economic capabilities that would contribute positively to the European Union as a whole. For this reason, he emphasized the importance of setting 2027 as a concrete target and expressed confidence that partner nations would support this goal. Zelenskyy also extended an invitation to Chancellor Stocker to visit Ukraine for in-person discussions, signaling Kyiv’s intention to maintain active diplomatic engagement despite the ongoing war. Meanwhile, Russian attacks continued to take a toll on civilians. Ukrainian regional authorities reported multiple fatalities following drone strikes and shelling in several areas. In the southern port city of Odesa, a drone barrage resulted in two deaths and left dozens of people injured. In eastern Donetsk region, a couple aged 45 and 48 were killed in the city of Sloviansk, while a 58-year-old resident was killed in a drone strike on a home in the Zaporizhzhia region. Another civilian, a 72-year-old woman, died in her home in the southern Kherson region as a result of shelling. As the conflict persists, Ukrainian officials continue to frame EU accession as a central pillar of the country’s future security and recovery, linking political integration with Europe to broader efforts to end the war and rebuild national resilience.

North Korea launched multiple ballistic missiles into nearby waters on Tuesday, triggering renewed condemnation from South Korea and Japan and drawing attention to ongoing discussions between Seoul and Washington over the future direction of their security alliance. The launches underscore persistent tensions on the Korean Peninsula as Pyongyang continues to advance its missile capabilities amid shifting regional and global defence dynamics. South Korea’s Joint Chiefs of Staff sai

European Council President Antonio Costa on Tuesday said the conclusion of a comprehensive trade agreement between the European Union and India carried special personal significance for him, citing his Indian heritage and long-standing connection to the country. The agreement was announced following high-level talks in New Delhi, where Costa addressed a joint press conference alongside Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen. Speaki

United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe. In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar

NATO Secretary General Mark Rutte has reiterated that Europe remains fundamentally dependent on the United States for its collective defense, pushing back against any notion that the continent could independently guarantee its security. Speaking to lawmakers at the European Parliament on Monday, Rutte emphasized that the transatlantic alliance remains indispensable at a time of rising geopolitical uncertainty and renewed debate over Europe’s military capabilities. Rutte’s remark

India and the European Union are set to announce the conclusion of negotiations on a long-awaited free trade agreement during a high-level summit in New Delhi on January 27. Senior leaders from both sides are expected to participate in the meeting, which will focus on trade liberalisation, security cooperation and mobility arrangements for students and professionals. The conclusion of the talks marks a significant moment in bilateral relations, reflecting renewed political momentum after years of intermittent progress. Officials involved in the process have indicated that the agreement is designed to be balanced and forward-looking, aligning with the long-term economic interests of both partners. While the pact is expected to boost trade volumes, policymakers see it as a qualitative shift in India–EU engagement, strengthening cooperation across manufacturing, services, technology and sustainable development. The timing is notable, as global trade flows continue to face uncertainty amid rising tariff barriers and geopolitical tensions. Economic experts have described the agreement as a landmark step that could reshape commercial ties between the two economies. They point to strong complementarities, with India offering a large and growing market and the European Union bringing advanced technology, investment capacity and diversified demand. The efficient exchange of goods and services under the agreement is expected to enhance supply chains and open new opportunities for businesses on both sides. From India’s perspective, the trade pact reflects a strategic effort to deepen integration with major global partners while safeguarding domestic priorities. Officials confirmed that negotiations have been completed and that the agreement is undergoing final legal review. The remaining procedural steps are expected to be completed soon, paving the way for formal signing and implementation. The announcement has drawn international attention, including criticism from some quarters in the United States. A senior US official recently expressed concern over the deal, linking it to broader disputes over energy trade and tariffs. The remarks underscored differing approaches to trade policy and highlighted how the India–EU agreement fits into a complex global economic landscape shaped by competing interests and sanctions regimes. The summit in New Delhi is also expected to mark progress beyond trade. Leaders are likely to finalise a Security and Defence Partnership aimed at enhancing strategic coordination, as well as a framework to facilitate mobility for Indian students and professionals seeking opportunities in Europe. These initiatives reflect a broader effort to strengthen people-to-people ties and cooperation in emerging areas of mutual interest. Negotiations for an India–EU free trade agreement first began in 2007 but were suspended in 2013 due to differences over ambition and market access. The process was revived in 2022, following renewed political commitment on both sides to address outstanding issues and adapt the talks to changing global conditions. The European Union remains India’s largest trading partner, accounting for a significant share of the country’s total trade in goods and services. With the conclusion of the free trade negotiations, both sides are positioning the agreement as a cornerstone of their economic relationship, one that could provide stability and growth amid an evolving global trade environment.

Venezuela’s interim leadership is facing mounting domestic and international scrutiny as acting President Delcy Rodríguez sharply criticised sustained pressure from the United States and provided updated figures on political prisoner releases, figures that remain contested by human rights organisations and independent observers. Rodríguez’s remarks reflect broader tensions over sovereignty, human rights and the direction of Venezuela’s transitional government following the capture of for

Tensions across West Asia intensified after allied militant groups aligned with Iran issued sharp warnings to the United States following the deployment of American warships to the region. Lebanon-based Hezbollah, Yemen’s Houthi movement, and Iraqi militias signaled that any military action against Iran would trigger a wider regional confrontation, underscoring the growing volatility as Washington weighs its next steps amid unrest inside Iran. Hezbollah leader Naim Qassem cautione